fintech innovation

Serbian fintech technology enters Denmark via Penning deal under MiCA licence

A Serbian startup, Veli, has sold its proprietary smart-investment software platform and a perpetual source-code licence to Danish fintech company Penning. The transaction links Serbian software engineering with a regulated European financial market through the technology transfer. Penning said it will use the acquired platform within a new wealth-management offering. Penning plans to build a new investment platform called Penning Wealth. The company is among the first in Denmark to obtain a full licence under the European Union’s Markets in…